Biden Student Loan Relief Plan Allows Increased Borrowing, Less Repayment
Abstract: The Biden plan is expected to boost participation in the income-driven repayments that lower the payment burden. Imposing a cap on a borrower’s income to qualify for cancellation or increasing the cancellation amount for low-income borrowers could alleviate the regressive nature of broad loan cancellation.
File(s): File format is text/html https://www.dallasfed.org/research/economics/2022/0927
Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2022-09-27